Residential Income
For Sale
$265,000
4001 FENWICK LANE, Mount Laurel, NJ 08054
First-floor condominium with two bedrooms, a private patio, and updated central air conditioning.
Property Size920 SF
Days on Market8
Property Features for 4001 FENWICK LANE
General Information
Standard status
Active
Size
920 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,831
Building Details
Building Size
920 SF
Year Built
1989
Listing Agency:
BHHS Fox & Roach-Cherry Hill
Listed By:
Mary C Ryan · License #8937900
(609) 220-8598
Source:
Patmckennarealtors
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 12 at 11:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Fox & Roach-Cherry Hill
Investment Insights
Based on property information with market context.
This 1989 first-floor condominium in Laurel Creek has two bedrooms and one full bathroom. Pergo flooring spans the living room, dining area, and kitchen. The kitchen includes granite counters, a gas range, self-cleaning oven, dishwasher, refrigerator, and cabinetry; it connects to the dining room. A sliding door opens from the living room to an expanded private patio. The primary bedroom has a walk-in closet, while the second bedroom has a double closet. The bath includes a tub and shower with tiled surround. Central air conditioning was updated in March 2023, and the water heater in March 2022.
The property is in Mount Laurel, with access to Routes 38 and 73 and I-295. Nearby amenities include shopping and restaurants. Tennis courts, parks, and a community pool in neighboring Larchmont are available to join.
The property is in Mount Laurel, with access to Routes 38 and 73 and I-295. Nearby amenities include shopping and restaurants. Tennis courts, parks, and a community pool in neighboring Larchmont are available to join.
Key Highlights
- Two‑bedroom, one‑bathroom first‑floor condominium
- Expanded private patio accessed through a living room slider
- Granite kitchen counters; gas range, self‑cleaning oven, dishwasher, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,050
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,000
$241.0K
Cap Rate 7%
$172,143
$172.1K
Cap Rate 9%
$133,889
$133.9K
Market Conditions
NOI Build-Up for 920 SF
Gross rent
$23.2K $25.20/SF
− Vacancy
−$1.3K −$1.39/SF
EGI
$21.9K $23.81/SF
− OpEx
−$9.9K −$10.72/SF
NOI
$12.0K $13.10/SF
Area
Burlington County, NJ
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,000
Cap Rate 7%
$172,143
Cap Rate 9%
$133,889
Alternative Uses
Best Use
Apartment 5plus
$172.1K
$150.6K – $200.8K
NOI $12,050 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.92M
$1.68M – $2.24M
NOI $134,691 @ 7.0% cap · market cap 50.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 08054, NJ
44,633
Population
19,966
Households
2.2
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
21.7 sq mi
ZIP Area
2,057
Density / Sq Mi
$114,629
Median Household Income
$67,986
Median Earnings
$1,966
Median Rent
$341,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor condominium with two bedrooms, a private patio, and updated central air conditioning.
Where is this residential income property located?
The property is located at 4001 FENWICK LANE Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom first‑floor condominium; Expanded private patio accessed through a living room slider; Granite kitchen counters; gas range, self‑cleaning oven, dishwasher, and refrigerator
